Jin Air Co (XKRX:272450) ROCE % : 71.17% (As of Mar. 2024)

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What is Jin Air Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Jin Air Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 71.17%.

Jin Air Co ROCE % Historical Data

The historical data trend for Jin Air Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jin Air Co ROCE % Chart

Jin Air Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.12

-41.65

-53.54

-19.44

45.93

Jin Air Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															82.28	16.72	25.51	51.13	71.17

Jin Air Co ROCE % Calculation

Jin Air Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	190875.536	/	( ( (757789.02 - 392285.684)	+	(952331.548 - 486625.735) )	/ 2 )
	=	190875.536	/	( (365503.336	+	465705.813)	/ 2 )
	=	190875.536	/	415604.5745
	=	45.93 %

Jin Air Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	367636.664	/	( ( (952331.548 - 486625.735)	+	(1061759.559 - 494296.785) )	/ 2 )
	=	367636.664	/	( ( 465705.813	+	567462.774 )	/ 2 )
	=	367636.664	/	516584.2935
	=	71.17 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Jin Air Co (XKRX:272450) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Jin Air Co ROCE % Related Terms

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Jin Air Co (XKRX:272450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jin Air Co Ltd (XKRX:272450) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

3rd Floor, 453 Gonghangdea-ro, Gangseogu, Seoul, KOR, 157-841

Website

http://www.jinair.com

Jin Air Co Ltd is a South Korea based company, engages in the provision of air transportation services. The company offers air transportation services through a fleet of aircraft also provides in-flight meals and commodities for third parties, as well as cargo transportation business. It provides domestic routes and international routes services.

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